Residential Mortgage Survey Results for December 2014

Press Releases

28 Jan 2015

Residential Mortgage Survey Results for December 2014

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for December 2014.

The number of mortgage applications in December increased month-on-month by 9.5% to 11,079.

Mortgage loans approved in December increased by 4.9% compared with November to HK$25 billion.  Among these, mortgage loans financing primary market transactions decreased by 5.1% to HK$5.5 billion and those financing secondary market transactions increased by 8.3% to HK$15.1 billion.  Mortgage loans for refinancing increased by 7.6% to HK$4.4 billion.

Mortgage loans drawn down during December increased by 5% compared with November to HK$21.9 billion.

New mortgage loans priced with reference to best lending rates decreased from 13.9% in November to 13.5% in December with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 83.9% in November to 84.5% in December.  

The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$984.5 billion at end-December.

The mortgage delinquency ratio slightly increased to 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%.

 

Annex

 

Hong Kong Monetary Authority
28 January 2015

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Last revision date : 28 January 2015